Procter & Gamble recently introduced Pampers Rash Guard. Rash Guard does not represent a new product per se; rather, the diapers are being marketed as an alternative to regular Pampers
What type of innovation do Pampers Rash Guard diapers represent?
A) a continuous innovation
B) a dynamically continuous innovation
C) a discontinuous innovation
D) a platform-based innovation
E) none of the above
A
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The accrual basis of accounting requires revenue be recorded when cash is received from customers
Indicate whether the statement is true or false
Which of the following is true of a red herring prospectus?
A) It can be distributed to potential buyers during the pre-filing period, and limited sales can be finalized during this period. B) It can be distributed to potential buyers during the pre-filing period to finalize sales. C) It can be distributed to potential buyers during the waiting period, but no sales can be finalized during this period. D) It can be distributed to potential buyers during the post-effective period to finalize any sales.
Chord Guitars Inc sells guitars and other stringed instruments to consumers. A Chord salesperson says to a potential customer, "This Chord is the best guitar you'll find anywhere, even online." This statement is A) an implied warranty of fitness for a particular purpose
B) an implied warranty of merchantability. C) an express warranty. D) puffery.
Initial cash outflows and subsequent operating cash inflows for a project are referred to as ________
A) necessary cash flows B) relevant cash flows C) perpetual cash flows D) ordinary cash flows